Welcome to our dedicated page for Avista US news (Ticker: AVA), a resource for investors and traders seeking the latest updates and insights on Avista US stock.
Avista Corporation (NYSE: AVA) generates a steady flow of news as an energy company involved in the production, transmission and distribution of electricity and natural gas, along with other energy‑related businesses. Through its Avista Utilities division and subsidiaries such as Alaska Energy and Resources Company and Alaska Electric Light and Power Company, Avista provides regulated utility service in parts of Washington, Idaho, Oregon and Alaska, which leads to frequent operational and regulatory updates.
News about Avista often covers quarterly and annual financial results, where the company discusses segment performance for Avista Utilities, AEL&P and other businesses, as well as factors such as customer load growth, general rate cases, operating costs and capital expenditures. Earnings releases may also include non‑GAAP measures like electric and natural gas utility margin and commentary on liquidity, financing plans and long‑term earnings expectations.
Another key category of Avista news involves regulatory and rate proceedings. The company issues announcements about general rate cases, settlement agreements and annual adjustment filings for purchased gas costs, wildfire expense balancing, insurance expense balancing, clean energy implementation costs and low‑income rate assistance programs. These updates explain proposed or approved changes in electric and natural gas revenues and how they affect customer bills in different jurisdictions.
Avista also publishes updates on its clean energy and sustainability initiatives, including filings of Clean Energy Implementation Plans under Washington’s Clean Energy Transformation Act and the release of Corporate Responsibility reports and ESG disclosures. Additional news highlights community and philanthropic activities through the Avista Foundation, which awards grants to nonprofit organizations in areas such as environmental efforts, arts and culture, education and community development across the Northwest.
Visitors to this page can review Avista news releases to follow developments in its utility operations, regulatory environment, clean energy planning, community investments and financial performance over time.
Avista Corp. (NYSE: AVA) has announced its upcoming quarterly conference call scheduled for May 5, 2021, at 10:30 a.m. EDT. This call will cover the company's first quarter 2021 results, with a news release issued earlier at 7:05 a.m. EDT.
Investors can access the call via Avista’s investor relations website or by dialing (855) 806-8606 with confirmation number 6982215. A replay will be available through May 10, 2021.
Avista Corp. (NYSE: AVA) has released its 2021 Electric Integrated Resource Plan (IRP), aiming for a cleaner electricity future. The plan aligns with its clean electricity goals established in 2019, targeting 100% clean electricity by 2045 and carbon neutrality by 2027. Highlights include meeting 78% of the clean electricity goal by 2027, a new chapter on energy equity, and a focus on renewable resources including wind projects in Montana. Avista anticipates a steady customer load growth of 0.3% annually through 2025.
Avista Corp. (NYSE: AVA) has nominated Sena Kwawu for election to its Board of Directors, effective May 11, 2021. Kwawu, a seasoned operational and finance leader with over 25 years of experience, is currently senior vice president of operations at Frontdoor, Inc., and has held prominent positions at Starbucks and other major firms. His appointment follows the retirement of Marc Racicot due to the mandatory retirement age. CEO Dennis Vermillion expressed confidence in Kwawu's ability to enhance strategic leadership and customer experience at Avista.
Avista Corp. reported a net income of $129.5 million, or $1.90 per diluted share for 2020, down from $197.0 million, or $2.97 per share in 2019. For Q4 2020, net income was $58.7 million, up from $50.8 million in Q4 2019. The utility's earnings surpassed expectations, driven by a higher utility margin and reduced income taxes, despite increased operating expenses. Avista initiated earnings guidance for 2021 at $1.96 to $2.16 per share, with expectations of 4-6% growth post-2023 as regulatory lags are addressed.
Summary not available.
Avista Corp. (NYSE: AVA) has declared a quarterly dividend of $0.4225 per share, marking a 4.3% increase from the previous dividend. This raises the annualized dividend to $1.69. The dividend is payable on March 15, 2021, to shareholders recorded by February 19, 2021. This is the nineteenth consecutive year the board has raised the dividend, showcasing its commitment to maximizing shareholder value. The decision is made considering financial results and competitive conditions.
Avista (NYSE: AVA) has launched its latest corporate responsibility disclosure initiative, presenting the 2021 corporate responsibility report and comprehensive ESG information on its website, avistacorp.com. The report outlines the company's commitments concerning the environment, people, customers, communities, and ethical governance. Avista's President and CEO, Dennis Vermillion, emphasized the importance of making ESG data accessible for all stakeholders. For further details, visit the corporate responsibility page.
Avista Corp. (NYSE: AVA) will hold its quarterly conference call on February 24, 2021, at 10:30 a.m. EST to discuss fourth quarter 2020 results. A news release with earnings will be issued at 7:05 a.m. EST on the same day. Interested parties can access the call via Avista's website or by dialing (855) 806-8606 with confirmation number 1075438. A replay will be available through March 3, 2021. Avista provides electric service to 397,000 customers and natural gas to 363,000 customers across a service territory of 30,000 square miles.
Avista Corp. (NYSE: AVA) has announced a quarterly dividend of $0.405 per share, payable on December 15, 2020, to shareholders on record by the end of business on December 3, 2020.
The board assesses dividends based on various factors, including financial performance and market conditions. Avista operates in energy production and distribution, serving approximately 397,000 electric and 363,000 natural gas customers across a 30,000 square mile territory.
Avista Corp. (NYSE: AVA) reported Q3 2020 net income of $4.9 million, or $0.07 per share, down from $5.1 million, or $0.08 per share in Q3 2019. Year-to-date net income was $70.8 million, or $1.04 per share, significantly lower than $146.2 million, or $2.21 per share in 2019. The decrease was driven by higher bad debt expenses due to COVID-19. However, Avista confirmed its earnings guidance for 2020 remains between $1.75 and $1.95 per share. The company emphasized its commitment to community support amidst the pandemic, with over $2 million in charitable contributions.